Antimony Market Report December 2015
2016-01-27 10:00:57 【Print】
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During December, the domestic market of antimony products was unquiet; prices for antimony products fell at first, settled into a stalemate next and picked up at last. It is said that most market participants had expected the market to move downward at the beginning of the month but the ending was unexpected.
In mid to late November, some antimony ingot producers had begun to stop offering or stockpile a small amount of the ingot in the market but the sluggish downstream demand made it hard for market participants to see a upward trend in price. In early December, many participants thought prices for antimony ingot 99.65%min would fall to RMB25,000/t VAT excluded, but antimony ingot producers indicated in succession that they were unwilling to sell by lowering prices and gradually they became increasingly reluctant to sell as they have difficulty in purchasing suitable antimony ore; the market had settled into a stalemate for almost two weeks. In mid to late December, the domestic producers raised quotations or stopped selling successively with the trend of price rise in the overseas markets; although the market demand remained lackluster, the actual transaction prices were forced to move up.
Although market prices for antimony products picked up, it was not the real reflection of the relation between supply and demand, and the base for the price increase was unstable. The price decline of antimony products at the end of November may give the impetus for the price rebound in December but the decisive effect was still the market demand; market participants should not blindly hold a positive attitude towards the future market trend.
In mid to late November, some antimony ingot producers had begun to stop offering or stockpile a small amount of the ingot in the market but the sluggish downstream demand made it hard for market participants to see a upward trend in price. In early December, many participants thought prices for antimony ingot 99.65%min would fall to RMB25,000/t VAT excluded, but antimony ingot producers indicated in succession that they were unwilling to sell by lowering prices and gradually they became increasingly reluctant to sell as they have difficulty in purchasing suitable antimony ore; the market had settled into a stalemate for almost two weeks. In mid to late December, the domestic producers raised quotations or stopped selling successively with the trend of price rise in the overseas markets; although the market demand remained lackluster, the actual transaction prices were forced to move up.
Although market prices for antimony products picked up, it was not the real reflection of the relation between supply and demand, and the base for the price increase was unstable. The price decline of antimony products at the end of November may give the impetus for the price rebound in December but the decisive effect was still the market demand; market participants should not blindly hold a positive attitude towards the future market trend.
